Question

advantages of globalisation


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Answer 1

Answer:

A major advantage of globalization is that it allows countries to combine their resources. This allows them to start larger projects that they would not have been able to do on their own. One of the best examples of this is the construction of the International Space Station. It took$150 billion to construct the ISS. Its predecessor is the Mir station, which cost mere $4.2 billion. Five countries pooled in their resources to construct the ISS. These countries were the United States, Russia, Canada, Europe, and Japan. This aids many countries in their space mission.

Answer 2

GLOBALISATION and greater competition among local and foreign producers has been of advantage to consumers. There is greater choice before the consumers. Now, they enjoy improved quality and lower prices of several products. Consumers enjoy higher standards of living than was possible earlier